FrontFour Capital Gains 12.4% Thanks To Fiat

FrontFour Capital, the event-driven fund with a focus on value, currently involved in a battle with Obisidian Capital, returned 12.44% net during 2017 underperforming the S&P 500's return of 21.82% but outperforming its peer group. The HFRX Event Driven hedge fund index only gained 6.48% net during 2017.

Since inception (Jan 2007), FrontFour has produced a cumulative return for investors 112.6% net against the HFRX Event Driven index's total gain of 23.9% and the S&P 500's return of 138.4%.

FrontFour's strategy is based on value. The firm invests across the capital structure at the best opportunities and will "selectively engage as activists with management teams and boards to drive shareholder value." According to the firm's year-end 2017 letter, a copy...